Category Archives: Tax

Richard H. Thaler, professor of behavioral science and economics at the University of Chicago, won the Nobel Prize in Economic Sciences this year “for his contributions to behavioral economics.” This is a relatively new field that combines the idea of psychology and economics. Standard economic models assume that humans are rational actors. However, behavioral economists … Continue reading →

Among the many popular topics of the 2016 presidential campaigns, healthcare remains a timeless defining issue sparking vivid debate on both sides of the political spectrum. In the 2016 presidential campaign, the Affordable Care Act (ACA) – commonly referred to as “Obamacare” – has become the privileged scapegoat. However, beyond the political contention, an aspect … Continue reading →

For years, there has been concern over stagnant wages, unemployment, and the persistence of poverty across the United States. Many different remedies have been proposed, and at times implemented, in an effort to improve the U.S. labor market. One of the solutions most vehemently advocated for is the increase of the minimum wage, both on … Continue reading →

If you ask the mayor of Zug, a tiny Swiss suburb, what his town’s population is, he would likely give you the official estimate of 27,000. But a quick dive into Switzerland’s most recent census report reveals that Zug is also home to over 30,000 businesses. This means one of two things. Either each of … Continue reading →

The Michigan state government recently stumbled across a startling statistic. Over the past decade its revenue streams were $8-10 million below what it expected. The cause? Residents of nearby states have been smuggling millions of bottles and cans into Michigan, taking advantage of its nation-leading 10-cent bottle refund. Michigan is one of 10 states nationwide … Continue reading →

The GOP’s brawl against Obama’s executive actions persists with new postulations made by a Republican leader on Sunday pushing for a government shutdown to prevent Obama from addressing immigration policy with executive order. Despite this individual’s propping open the idea, numerous other Republicans objected to a government shutdown. Oklahoma GOP Representative Tom Cole raised concerns … Continue reading →

If the Senate opts in for H.R. 3086, the Permanent Internet Tax Freedom Act (PIFTA), $14.7 billion in taxes will be averted every year. During the Internet boom of the 1990s, Congress passed the Internet Tax Freedom Act (IFTA), which prevented state and local governments from collecting Internet specific taxes. Sponsored by Senate Finance Committee … Continue reading →